Randy Ollenberger, an analyst from BMO Capital, maintained the Buy rating on Suncor Energy. The associated price target is C$69.00.
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Randy Ollenberger has given his Buy rating due to a combination of factors including Suncor Energy’s impressive third-quarter performance, which exceeded market expectations by approximately 20%. The company achieved this through stronger-than-expected upstream production and downstream throughput, leading to an upward revision of its 2025 production and throughput guidance. Additionally, Suncor’s financial results were robust, with cash flow per share and earnings per share surpassing consensus estimates.
Furthermore, Suncor’s operational achievements, such as record upstream production and downstream throughput, have contributed to its financial success. The company has also increased its quarterly dividend by 5%, reflecting its confidence in sustained performance. With updated guidance suggesting further production records and potential cost reductions, Ollenberger sees continued upside potential for Suncor’s stock, making it a top recommendation.
According to TipRanks, Ollenberger is a 5-star analyst with an average return of 11.8% and a 57.08% success rate. Ollenberger covers the Energy sector, focusing on stocks such as Imperial Oil, Suncor Energy, and Peyto Exploration & Dev.
In another report released on October 25, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$62.00 price target.